Setting out the road to recovery The Chancellor has attempted to strike a balance between continuing to prop up the businesses worst affected by COVID-19, while setting out a roadmap to wean the UK economy off this emergency support. In his second Budget... read more
With the tax year coming to an end on 5 April 2021, you have just six weeks left to make the most of your allowances. If you haven’t done so already, below we’ve highlight some of the more popular ways you can take advantage of what you’re entitled to. Please act fast... read more
HMRC has announced that Self-Assessment customers won’t be charged the initial 5% late payment penalty providing they pay their tax or make a Time to Pay arrangement by 1 April 2021. The submission and payment deadline for Self-Assessments is 31 January, with interest... read more
The government has announced that anyone who made a claim for the Bounce Back Loan Scheme (BBLS) can delay repayments by an extra six months. The scheme was introduced shortly after the UK went into its first lockdown last year in a bid to help small and medium-sized... read more
New VAT rules for the UK’s construction sector will come into effect from 1 March 2021. Referred to as ‘the domestic reverse charge for supplies of building and construction services,’ the changes will affect sub-contractors who supply their services to other... read more
As you may already be aware, it’s less than 70 days until changes to IR35 come into effect. At the moment, contractors who operate through their own personal service company (PSC) are responsible for ensuring they’re paying Income Tax and National Insurance. From 6... read more
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